Question: Kailey Construction accepted a three - year, $ 1 , 0 0 0 , 0 0 0 fixed fee contract to renovate a parking deck.
Kailey Construction accepted a threeyear, $ fixed fee contract to renovate a parking deck. Kailey uses the percentage of completion method and the costtocost method of measuring progress. Information related to the construction contract follows:
tabletableActual construction costs incurred duringthe year$$$
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